a) The point at which a company's costs equal its revenues is the break-even point. C...

80.2K

Verified Solution

Question

Basic Math

a) The point at which a company's costs equal its revenues isthe break-even point. C represents the cost, in dollars, of x unitsof a product and R represents the revenue, in dollars, from thesale of x units. Find the number of units that must be produced andsold in order to break even. That is, find the value of x for whichC=R.

C=15x+32,000 and R=17x.

How many units must be produced and sold in order to breakeven?

b) A bicycle travels at aspeed of 55 miles per hour for x hours. Find an expression for thedistance that the bicycle travels.

c) The price per unit, p, and the demand, x, for a particularmaterial is related by the linear equation p =140 -7/8 X, while thesupply is given by the linear equation

p=7/8x. At what value of p does supply equal demand?

d) Suppose that a cyclist began a 476 mi ride across a state atthe western edge of the state, at the same time that a cartraveling toward it leaves the eastern end of the state. If thebicycle and car met after

8.5 hr and the car traveled 32.2 mph faster than the bicycle,find the average rate of each.

The car's average rate is

The bicycle's average rate is

e) A baseball team has home games on Thursday and Saturday.The two games together earn $4640.00 for the team. Thursday 's gamegenerates$300.00 less than Saturday 's

game. How much money was taken in at each game? How much moneydid Thursday 's game generate? How much money did Saturday 's gamegenerate?

Answer & Explanation Solved by verified expert
3.8 Ratings (512 Votes)
a At the breakeven point Cx Rx or 15x32000 17x or17x15x 32000 or 2x 32000 so that x 16000 Thus 16000 unitsmust be produced and sold in order to break evenb We know that distance speed time Hence if a bicycletravels at a speed of 55 miles per hour for x hours then thedistance that the bicycle travels is    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students